Economic activity slowed in August as leading index fell


Real imports of other basic precious and other non-ferrous metals and number of housing units approved were the main components that contributed to the decrease,

KUALA LUMPUR: The Leading Index (LI) which predicts the economic activity direction on average of four to six months ahead, declined to negative 0.8% in August 2019 from 1.4% in July 2019.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday that real imports of other basic precious and other non-ferrous metals and number of housing units approved were the main components that contributed to the decrease,

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